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biotech firmsInsider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
•90% Informative
The biotechnology global market size was estimated at $1.38 trillion in 2023 and is expected to reach around $4.25 trillion by 2033 .
North America led the market with a 37.79% revenue share.
Asia-Pacific region is anticipated to grow at the fastest rate, with a CAGR of over 12.7% .
The adoption of CRISPR technology for gene editing and the development of monoclonal antibodies for targeted therapies have only confirmed the sector's potential.
In 2021 , venture financing for US -headquartered biotech firms reached a peak of $20.7 billion .
There are 336 top biomedical engineering institutions in the US .
The average salary of a biomedical engineer in the country is $ 112,525 , making it one of the top-paying countries for biomedical engineers.
VR Score
92
Informative language
92
Neutral language
60
Article tone
formal
Language
English
Language complexity
65
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
10
Source diversity
6
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no affiliate links